Those who don't have patience will never have huge profit on Bitcoin. Weak hands will sell, let them, just keep on DCA and be glad of the current discounted price of Bitcoin.
I overheard a discussion between two friends and one was telling the other that Bitcoin is a scam and that a lot of people preached about the halving and how people could cashout from it. The other friend was trying to convince him to continue holding his asset but he refused and replied that nothing would stop him from selling the coins he's holding.
Let him be, it is his loss, not ours. Besides if we insist to tell them not to sell, he might get annoyed and get angry with us, so just let him do what he intended to do. After all it is his Bitcoin so all the right to sell is on him.
When I heard that man mentioned cashing out from the halving, I understood that he might know about Bitcoin but he's not properly enlightened concerning it. A lot of expectations were cut short after the halving event cause most people expected Bitcoin to set a new height of $80k but then it didn't even get close to the previous all time high and have reduced below $60k currently.
Well, probably the guy is misguided by the person who introduced Bitcoin to him. Probably the guy (the one who introduced Bitcoin) told the guy that Bitcoin market is ever increasing. And now that the market plummet, this guy got disappointed the reason why he wanted to sell his Bitcoin holdings.
I think people shouldn't get discourage by that, though I didn't experience other halvings cause I had zero knowledge about Bitcoin then but i think something similar have occurred before in one of the previous halving where Bitcoin price didn't go up as expected but later traced back and went up after some period, a lot of people might begin to panic and sell their coins but I still see this an opportunity to buy more Bitcoin and for those who are not opportuned to do so, holding is the best option, please correct me if you think am wrong
If one study the Bitcoin market history, he won't be surprised on the current price crash. Bitcoin is highly volatile plus there are people who have huge stash that tends to influence the market by initiating sales to crash the market or buying to make it surge. Since most of the huge trader uses Bot, any event that crosses its stop-loss will trigger liquidation and that maybe the reason of the sudden sell-off in the market.
